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Funding arb · Price arb /

OPENAI

RWAall OPENAI markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 06:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%
Price spread now: Lighter RH against OKX+1.832%7-day average +3.727% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$272as in the Price arb table
costs, in and out, $10k−$830.829% of the position
Long on OKXShort on Lighter RH
What this pair did over the last
the charts below follow
Funding, last 7 days+0.067%+$7 on $10k
Price spread, last 7 days+3.118%+$312 · spread now +1.832%, 7d avg +3.727%
Together, before fees+3.185%+ Points / potential airdropLighter RH: Points live · farm board+$319 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 1.895% cheaper against OKX than usual: you would sell low and buy high (spread +1.832% now, against its 7-day average of +3.727%). If the spread goes back, that is −$189 on $10k: about 7 months of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX OPENAI-USDT-SWAP1,648.20get 0.0000% / 8h2h 01m$5.1M$1.4M20x
ShortLighter RH OPENAI1,678.40.0032get 0.0004% / 1h1m 46s$2.7M$6.2M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH against OKX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$6.72
Price spread: +1.832% → +3.727%
−$189.48
Slippage, 4 orders
−$72.93
Fee OKX: 5 bp × 2 orders
−$10
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$265.69
Costs to cover
0.829%
Break-even
283.8 days
Slippage from OKX: live order book, 1 min ago; Lighter RH: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 1 min ago1.82 bp24.8 bp −$25doesn't fitdoesn't fitdoesn't fit
Sell Lighter RH live order book, 2 min ago1.64 bp6.8 bp −$7129.7 bp −$1,297583.7 bp −$58.4Kdoesn't fit

OPENAI on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX OPENAI-USD−0.0005%1h1,618.5−1.801%$1.2M$611K10xas long as short
Lighter OPENAI0.0000%1h1,711.6+3.849%$1.4M$265K5xas long as short
Bybit OPENAIUSDT0.0000%8h1,660.1+0.719%$753K$205K25xas long as short
OKX OPENAI-USDT-SWAPlong0.0000%8h1,648.2long leg$5.1M$1.4M20x
Gate OPENAI_USDT0.0000%8h1,615.8−1.964%$52.3M$19.7M50xas long as short
Bitget OPENAIUSDT0.0000%8h1,620.4−1.689%$5.4M$5.0M20xas long as short
SunX OPENAI-USDT0.0000%8h1,619.5−1.741%—$2.4M10xas long as short
Deribit OPENAI_USDC-PERPETUAL0.0000%1h1,619.1−1.764%—$35xas long as short
HTX OPENAI-USDT0.0000%8h1,619.2−1.760%$79K$226K20xas long as short
Phemex OPENAIUSDT0.0000%8h1,619.3−1.756%$1.6M$520K10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International OPENAI-PERP-INTX+0.0016%1h1,620.1−1.704%$226K$162K5xas long as short
Lighter RH OPENAIshort+0.0032%1h1,678.4+1.832%$2.7M$6.2M5x
Extended OPENAI-USD+0.0048%1h1,618.6−1.795%$141K$896K10xas long as short
BloFin OPENAI-USDT+0.0049%8h1,619.6−1.734%$469K$290K20xas long as short
Aster OPENAIUSDT+0.0050%8h1,622.5−1.559%$211K$3K20xas long as short
Binance OPENAIUSDT+0.0050%8h1,619.1−1.766%$22.8M$17.4M20xas long as short
MEXC OPENAI_USDT+0.0050%8h1,619.4−1.748%$13.0M$3.2M50xas long as short
KuCoin OPENAIUSDTM+0.0050%8h1,620.1−1.704%$372K$71K20xas long as short
Variational Omni OPENAI+0.0050%8h1,619.1−1.768%$2.6M$759K—as long as short
GRVT OPENAI_USDT_Perp+0.0050%8h1,618.4−1.809%$2K$171K10xas long as short
Aevo OPENAI-PERP+0.0104%1h1,618.3−1.813%——10xas long as short
Entropy io:OAI+0.0166%1h1,669.8+1.311%$7.6M$2.3M6xas long as short